Human Capital and the Feldstein-Horioka Puzzle
AbstractIn this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change.
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Bibliographic InfoPaper provided by CESifo Group Munich in its series CESifo Working Paper Series with number 1914.
Date of creation: 2007
Date of revision:
human capital; current account; investment-saving correlation; capital mobility;
Find related papers by JEL classification:
- E20 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- F20 - International Economics - - International Factor Movements and International Business - - - General
- I20 - Health, Education, and Welfare - - Education - - - General
- Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
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